Mohawk Industries’s (NYSE:MHK) Q3 Earnings Results: Revenue In Line With Expectations But Stock Drops
Flooring manufacturer Mohawk Industries (NYSE:MHK) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 1.7% year on year to $2.72 billion. Its non-GAAP profit of $2.90 per share wasalso in line with analysts’ consensus estimates.
Mohawk Industries (MHK) Q3 Earnings and Revenues Beat Estimates
Mohawk Industries (MHK) came out with quarterly earnings of $2.90 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.72 per share a year ago. These figures are adjusted for non-recurring items.
Mohawk Industries: Q3 Earnings Snapshot
CALHOUN, Ga. (AP) — CALHOUN, Ga. (AP) — Mohawk Industries Inc. (MHK) on Thursday reported third-quarter profit of $162 million. The Calhoun, Georgia-based company said it had profit of $2.55 per share. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
Mohawk Industries reports Q3 adjusted EPS $2.90, consensus $2.89
Reports Q3 revenue $2.72B, consensus $2.7B. Commenting on the company’s third quarter results, Chairman and CEO Jeff Lorberbaum stated,
Mohawk Industries (MHK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Mohawk Industries (MHK) reported $2.72 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 1.7%. EPS of $2.90 for the same period compares to $2.72 a year ago.
Mohawk Is Worst-Performing Stock in the S&P 500 on Friday. Demand for Flooring Takes Hit.
Mohawk Industries CEO Jeff Lorberbaum says consumer confidence and discretionary spending have been hit by ‘global conflicts, ...
This massive flooring company says the housing market will get better — next year
Mohawk Industries’ product mix has been hit by consumers trading down and by new construction outpacing higher-value ...
Mohawk Industries Gets Initial Nod for $1.9 Million Wage Deal
Mohawk Industries Inc. agreed to pay nearly $2 million to resolve claims that it “engaged in a pattern and practice of wage ...
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Mohawk Q3 2024 Sales Down 1.7%, Earnings Up
Calhoun, GA, October 25, 2024-- Mohawk announced Q3 2024 net sales were $2.7 billion, a decrease of 1.7% compared to net ...
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Mohawk Home and Golden Arowana – Which Is The Best Vinyl Plank from Costco
Ultimately, both Golden Arowana and Mohawk Home offer fantastic options for waterproof vinyl plank flooring. Your choice will ...
Mohawk Industries Reports Q3 Results
Mohawk Industries, Inc. (NYSE: MHK) today announced third quarter 2024 net earnings of $162 million and earnings per share ...
Mohawk 3Q Sales Drop on Weak Demand, 4Q Outlook Hit by Hurricanes
Mohawk Industries reported a drop in third-quarter sales as high interest rates, lingering inflation and lower consumer confidence weigh on demand for flooring products. The Calhoun, Ga.-based company ...
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Mohawk Forms Partnership with One Tree Planted
Mohawk began collaborating with One Tree Planted in January as part of a renewed focus on sustainability throughout its wood ...
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Mohawk Industries upgraded to Outperform from Neutral at Baird
Baird analyst Timothy Wojs upgraded Mohawk Industries (MHK) to Outperform from Neutral with a price target of $196, up from ...